Harley-Davidson Shares Jump on UBS Rating

Shares of Harley-Davidson gained nearly 5 percent on Monday after UBS Investment Research issued a "short-term buy" rating on the stock amid expectations that the motorcycle maker will see a double-digit increase in June sales.

UBS said in a research note that it has a "short-term buy" rating on the company while maintaining its "neutral" rating.

Harley-Davidson shares were up more than 3 percent on the New York Stock Exchange.

Options analytics company Trade Alert said Harley-Davidson options traded at three times the average daily levels on Monday.

The company in April had noted lingering economic weakness as a potential drag on U.S. demand for motorcycles this year.